Energy Economy

Iraq is a top importer of Iranian non-oil products, the chairperson of the Iranian-Russian chamber of commerce, Hadi Tizhoush Taban, said on Saturday. Iran’s official news agency, IRNA, quoted Taban as saying, “non-oil Iranian exports yielded 27.7 million tons, valued at 13.069 billion dollars in the first quarter of 2022; …

A report released by the Organization of Petroleum Exporting Countries (OPEC) shows Iran has earned more than $25 billion in revenue from oil exports in 2021. OPEC reported $560 billion in revenue from oil sales in 2021 in its annual report, which shows a 77 percent increase in comparison with …

Iran’s Oil Ministry on Saturday announced that the country’s production of crude gas, for the first time ever, surpassed 1,000 million cubic meters a day during last Iranian year (ended March 20, 2022). The ministry said that the achievement was made due to a jump in gas production at the …

The Head of Trade Promotion Organization of Iran (TPOI) said that country’s non-oil export has increased 40 percent in the first three months of the current Iranian calendar year in 1401 (from March 21 to June 22). Alireza Payman-Pak put the country’s balance of trade at $600 million, showing that …

Iraqi ministry of electricity announced that the country’s debts for energy imports from Iran have been paid off and Baghdad is now consulting to increase gas imports from Iran. The spokesperson for the Iraqi ministry of electricity told media sources that Iraq imports 40 million cubic meters of Iranian gas …

Iran’s customs office (IRICA) announced that the country’s non-oil exports have increased 21% in the first quarter of the current Iranian year (started on March 21). IRICA Chief Alireza Moqaddasi said on Wednesday that Iran had a trade surplus of $605mln in the June quarter. He added that Iran’s trade …

Iran has received $1.6 billion in arrears from the Iraqi government for imports of natural gas, Oil Minister Javad Owji announced late Wednesday. In a Twitter post, Owji said the debt from previous years was received “a few hours ago” following “several months of negotiations” between the two sides, crediting …

Iran continued to export more than one million barrels of oil per day (bpd) in the two first months of new Iranian calendar year (March 21 – May 21). The Oil Ministry of the Islamic Republic of Iran has announced that thanks to the boost of oil revenues, the administration …

Iranian Oil Minister Javad Owji said that Iran and Azerbaijan will develop the latter’s Shah Deniz natural gas project jointly, Mehr reported. Developing relations with all countries especially neighboring states is the main foreign policy of Iran in administration of President Ebrahim Raisi, he said, adding that experience of Iran-Azerbaijan …

Iranian Foreign Ministry Spokesman warned against undermining and weakening the credibility of the International Atomic Energy Agency (IAEA). In a tweet on Friday, Saeed Khatibzadeh wrote, “As one of the original signatories to NPT, Iran calls on all to beware of further erosion of the IAEA’s credibility.” “No one can …